Is CMS’ Pricing Transparency Rule keeping you up at night? If your answer is yes, you’re not alone. The rule is top of mind for hospital leaders across the country
Is CMS’ Pricing Transparency Rule keeping you up at night? If your answer is yes, you’re not alone. The rule is top of mind for hospital leaders across the country as it leads to significant repercussions throughout the health care system. Preparation can be laborious and requiring staff wear many hats, but even at this late stage, it is still doable.
Meeting the January deadline and sustaining compliance will be no small feat for hospitals. CMS estimates each hospital will spend an average of 150 hours and nearly $12k to review and post its standard charges for 2021.
In this conference session, PatientMatters and Montefiore St. Luke’s Cornwall Hospital (MSLC) will join together to provide an overview of the ruling and requirements along with the strategies implemented and lessons learned as the hospital continues to prepare to meet the price transparency January deadline.
- Identify factors considered in MSLC’s internal discussions regarding the CMS Pricing Transparency Final Rule and how to meet its regulations.
- Illustrate how MSLC will communicate/educate its patient community and staff on the steps it will take to meet the CMS price transparency rule regulations.
- Lessons learned as preparation for the pricing transparency deadline continues.
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(Friday) 12:30 pm - 1:30 pm